French State Sells 4.1% Stake in Engie for EUR1.14 Billion
January 11 2017 - 01:15AM
Dow Jones News
By Nick Kostov
PARIS--The French state said late Tuesday it had sold 100
million shares in Engie SA (ENGI.FR), 10 million more than it had
previously announced, for 1.14 billion euros ($1.2 billion).
Following the sale, made entirely to institutional investors,
the French state now holds 28.7% of the French power utility's
share capital and 32.6% of its voting rights. Engie was formerly
known as GDF Suez.
-Write to Nick Kostov at nick.kostov@wsj.com
(END) Dow Jones Newswires
January 11, 2017 02:00 ET (07:00 GMT)
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